I think it's a combination of a couple of factors:
- Cutting EBITDA guidance from $27m to $28m, previously $27m to $30m, and blamed on costs.
- RBA is very likely to lift interest rate tomorrow, consensus 0.5%, so that will f up growth stocks.
- ABB share price has been benefited from the UWL takeover.
- Market is very wobbly today
Still a good long term hold for a. growth and b. the M&A in the telco & infrastructure sector is still going very strong.
I think it's a combination of a couple of factors:Cutting EBITDA...
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